Pathstone Holdings LLC Boosts Position in KKR & Co. Inc. (NYSE:KKR)

Pathstone Holdings LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 12.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,125 shares of the asset manager's stock after acquiring an additional 6,873 shares during the period. Pathstone Holdings LLC's holdings in KKR & Co. Inc. were worth $8,112,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KKR. Canada Pension Plan Investment Board lifted its stake in KKR & Co. Inc. by 198.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager's stock worth $337,543,000 after acquiring an additional 2,133,290 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of KKR & Co. Inc. by 64.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock valued at $424,835,000 after buying an additional 1,585,447 shares during the period. APG Asset Management N.V. purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at about $154,468,000. Massachusetts Financial Services Co. MA boosted its stake in shares of KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager's stock valued at $1,755,838,000 after buying an additional 996,871 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of KKR & Co. Inc. by 315.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager's stock valued at $124,623,000 after buying an additional 895,891 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR traded up $0.91 during trading on Friday, hitting $158.58. 3,164,034 shares of the stock were exchanged, compared to its average volume of 4,247,606. The firm has a market capitalization of $140.86 billion, a P/E ratio of 47.92, a PEG ratio of 1.21 and a beta of 1.61. KKR & Co. Inc. has a 1-year low of $67.99 and a 1-year high of $159.58. The stock has a fifty day moving average price of $138.96 and a two-hundred day moving average price of $120.79. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s payout ratio is currently 21.28%.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen lifted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Morgan Stanley lifted their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Argus raised KKR & Co. Inc. to a "strong-buy" rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company raised their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $154.14.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.